Pen Street, Boston, PE21

** INVESTMENT OPPORTUNITY - FIVE BEDROOM HMO SOLD WITH TENANTS IN-SITU **

The current going rate is around £140pw for a double room and £100pw for  a single making a potential of around £32k gross pa income - so a 20% return.

A three storey mid terrace town house within a short walking distance to the town centre. Having accommodation comprising: entrance hall, bedroom and communal areas of a dining room, kitchen, utility and cloakroom to ground floor. Two bedrooms, separate WC and bathroom to first floor. Two further bedrooms to second floor. Outside the property has an enclosed rear courtyard and the property benefits from gas central heating and double glazing. 

ACCOMMODATION

Front entrance door with fanlight above through to the:

ENTRANCE HALL

Having staircase rising to first floor.

BEDROOM ONE

4.33m x 3.22m (14'2" x 10'7")

Having window to front elevation.

DINING ROOM

4.16m x 3.22m (13'8" x 10'7")

Having window to rear elevation and tile effect flooring.

KITCHEN

4.6m x 2.4m (15'1" x 7'10")

Having window & part glazed door to side elevation, smoke alarm, extractor and tiled floor. Fitted with a range of base & wall units with work surfaces & tiled splashbacks comprising: stainless steel sink with drainer & mixer tap inset to work surface, range style cooker with stainless steel cooker hood over, cupboards & drawers under, space for upright fridge/freezer to side. Further work surface with cupboards & drawers under, cupboards over.

UTILITY

2.5m x 2.4m (8'2" x 7'10")

Having window to side elevation, smoke alarm, access to roof space and tiled floor. Work surface with inset stainless steel sink & drainer with mixer tap, cupboard, space & plumbing for automatic washing machine & tumble dryer under, electric cooker to side.

SHOWER ROOM

2m x 1.3m (6'7" x 4'3")

Having window to side elevation, tiled walls, tiled floor, shower enclosure with mixer shower fitting and hand basin.

SEPARATE WC

Having tiled floor, close coupled WC and hand basin.

FIRST FLOOR LANDING

Having staircase rising to second floor.

BEDROOM TWO

4.3m x 4.19m (14'1" x 13'9")

Having window to front elevation.

BEDROOM THREE

4.13m x 2.41m (13'7" x 7'11")

Having window to rear elevation.

SEPARATE WC

Having window to side elevation, close coupled WC and hand basin.

BATHROOM

2.9m x 2.31m (9'6" x 7'7")

Having window to side elevation, majority tiled walls, tiled floor, extractor, built-in double cupboard and further built-in cupboard housing gas fired boiler. Fitted with suite comprising: shaped bath with mixer shower fitting & anti-splash screen over, close coupled WC and hand basin inset to vanity unit with cupboard & drawers under.

SECOND FLOOR LANDING

Having window to rear elevation.

BEDROOM FOUR

4.49m x 3.72m (14'9" x 12'2")

Having window to front elevation.

BEDROOM FIVE

4.2m x 2.5m (13'9" x 8'2")

Having window to rear elevation.

EXTERIOR

To the rear of the property there is an enclosed paved courtyard.

SERVICES

The property has mains gas, electricity, water and drainage connected. Heating is via a gas fired boiler serving radiators and the property is double glazed. The current council tax is band A.

VIEWING

By appointment with Newton Fallowell - telephone .

AGENT'S NOTES

These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither Newton Fallowell nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.

Anti-Money Laundering Regulations – Intending purchasers will be asked to produce identification documentation at the offer stage and we would ask for your co-operation in order that there will be no delay in agreeing a sale.